Question
ABC Company had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers $ 3,400 Interest on investments 230 Sale of
ABC Company had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers $ 3,400 Interest on investments 230 Sale of land 140 Sale of common stock 530 Issuance of debt securities 1,900 CASH PAID FOR: Interest on debt $ 310 Income tax 140 Debt principal reduction 1,500 Purchase of equipment 3,600 Purchase of inventory 1,000 Dividends on common stock 270 Operating expenses 400 ABC Company would report net cash inflows (outflows) from investing activities in the amount of: Multiple Choice $(1,560). $(3,600). $(3,460). $140.
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